Here's who could benefit assuming Biden cancels $10,000 in educational loan per borrower.
The President is planning to announce his decision on Monday, Forgiveness plan may leave out some of the 43 million borrowers
Biden might restrict the relief to $10,000 per person, as well as prohibit richer borrowers.
who could benefit if the President takes steps to cancel more student loan debt
Excluding borrowers who earn more than $125,000 a year, is one way Biden could narrow student debt relief.
How many households could benefit?
Most households would still not benefit, Only about 18% of households with incomes above $125,000 have student debt.
The White House has long maintained that the President would support canceling $10,000 per borrower.
One-third of the debt relief would go to who earn less than $50,795 a year. More than half would go to those earning between $50,795 and $141,096. and Roughly 14% would go to households earning more than $141,096 a year.